TrueShares Structured Outcome (March) ETF

Frequently Asked Questions About MARZ

What does MARZ invest in?

This Exchange Traded Fund (ETF) employs an active management strategy, pursuing its investment objectives primarily by allocating virtually all its capital to options contracts. These options are linked to the performance of the S&P 500 Price Index. Specifically, the fund's approach entails purchasing call options and simultaneously issuing put options, referencing either the S&P 500 Price Index directly or an ETF that replicates its movements. Each set of these options is initiated on a designated 'Initial Investment Day' and is structured to mature on the subsequent 'Roll Date.' It is important to note that the fund is classified as non-diversified.

What is the expense ratio of MARZ?

TrueShares Structured Outcome (March) ETF (MARZ) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

How big is MARZ?

TrueShares Structured Outcome (March) ETF (MARZ) manages $32.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is MARZ actively managed or an index fund?

MARZ is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (MARZ's is 0.79%) in exchange for the discretion to over- or under-weight positions.

When was MARZ launched?

TrueShares Structured Outcome (March) ETF (MARZ) launched in February 2021 and is managed by TrueShares.

How has MARZ performed?

MARZ's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.